IndusInd Bank Ltd. and Trent Ltd. were among the top gainers on the NSE Nifty 50 on Wednesday, while NTPC Ltd. and Tech Mahindra Ltd. declined the most.
India's benchmark stock indices snapped their longest gaining streak in nearly two months and posted the worst intraday fall in nearly one month.
The NSE Nifty 50 ended 181.80 points, or 0.77% lower at 23,486.85 after it fell below the 23,500 support level, while the BSE Sensex closed 728.69 points or 0.93% lower.
The share price of IndusInd Bank snapped a two-day loss to rise 3.9% intraday. It closed 3.3% higher at Rs 637 apiece.
The second-best performer was Trent, which gained nearly 4.34% to Rs 5,410 apiece during the day. At market close, the stock settled 2.4% higher at Rs 5,185 apiece.
Hero MotoCorp. and Grasim Industries Ltd. also closed the day with gains.
The top laggard was NTPC Ltd. as the stock fell 3.5%, reversing six sessions of gains. Tech Mahindra ended 3% lower, followed by over 2% declines in Cipla Ltd., Axis Bank Ltd. and Bajaj Finance Ltd.
On the Nifty, 40 stocks declined and 10 advanced. In terms of market cap, the 50-stock index shed Rs 1.55 lakh crore in value.
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